4//SEC Filing
CHITTENDEN CORP /VT/ 4
Accession 0001181431-08-000987
CIK 0000200138operating
Filed
Jan 2, 7:00 PM ET
Accepted
Jan 3, 4:29 PM ET
Size
7.6 KB
Accession
0001181431-08-000987
Insider Transaction Report
Form 4
CRIMMINS TIMOTHY P JR
President/CEO BOWM
Transactions
- Disposition to Issuer
Common Stock
2008-01-03−7,804→ 0 total - Disposition to Issuer
Stock Option
2008-01-03$35.52/sh−118,754$4,218,142→ 0 totalExercise: $23.95From: 2007-12-27Exp: 2008-01-03→ Common Stock (0 underlying)
Footnotes (2)
- [F1]Disposed of pursuant to a merger agreement between the issuer and People's United Financial, Inc. dated June 26, 2007, in exchange for either $35.636 in cash or 2.0457 shares of Peoples's United common stock, depending on the election made by the reporting person and the pro-ration procedures descreibed in the merger agreement.
- [F2]Options which were fully vested were canceled in the merger in exchange for an amount equal to the number of shares of the Company's common stock subject to each Unexercised Option, multiplied by the excess, if any, of the fair market value of the Company's common stock on 12-26-07, over the exercise price of the Unexercised Options.
Documents
Issuer
CHITTENDEN CORP /VT/
CIK 0000200138
Entity typeoperating
IncorporatedVT
Related Parties
1- filerCIK 0000200138
Filing Metadata
- Form type
- 4
- Filed
- Jan 2, 7:00 PM ET
- Accepted
- Jan 3, 4:29 PM ET
- Size
- 7.6 KB